Answer:
B. Thanks can have collection agencies seize part of the borrowers income
Explanation: I just got it right for a p e x
When the price level is falling to a negative zone, the economy is experiencing deflation, I believe.
Answer:
28%
Explanation:
Most mortgage lenders, including Fannie Mae, use the 28/36 rule. That rule states that a family should spend no more than 28% of the gross monthly income (GMI) on housing expenses, and pay no more than 36% of GMI to cover debts (mortgage payments are included in this 36%).
Statistics show that households that do not comply with the 28/36 rule, tend to have difficulty paying back loans.
